Hypo Alpe-Adria-Bank International has appointed Jones Lang LaSalle to sell two companies that own the five-star Le Méridien Lav Hotel and the adjoining resort and marina in Croatia.
Hypo Alpe-Adria-Bank International has appointed Jones Lang LaSalle to sell two companies that own the five-star Le Méridien Lav Hotel and the adjoining resort and marina in Croatia.
The properties owned by the companies Grand Hotel Lav and Grand Marina Lav cover a total of 4.4 hectares.
Angus Wade, executive vice president at Jones Lang LaSalle Hotels & Hospitality who is managing the sale, said: 'Le Meridien Lav Hotel and Resort offers a unique opportunity to purchase an internationally branded, market-leading five-star hotel and resort. Croatia’s accession to the European Union in July this year is anticipated to improve the country’s long-term stability and boost its tourism industry, further enhancing the trade prospects for the resort.'
Le Meridien Lav Hotel and Resort is situated on the Adriatic coast. The resort was completely renovated and refurbished in 2006 and offers 381 guest rooms, a private marina, retail units, casino, nightclub and other sporting and health & beauty facilities.
The hotel is operated by Starwood Hotels & Resorts Worldwide under the luxury Le Meridien brand on a management contract. Starwood was not involved in the lender's decision to sell the hotel and resort holding companies.
